AP VAT - INPUT ON STOCK TRANSFER
This query is : Resolved
05 February 2010
Sir,
A company has two divisions namely A,B.
Div A transfers stock to Div B.
VAT Return filed for company as a whole.
But to the extent of transfers, purchase input has not taken into consideration (i.e Vat receivable credited by debiting Purchases)
Is it correct?
A company has two divisions namely A,B.
Div A transfers stock to Div B.
VAT Return filed for company as a whole.
But to the extent of transfers, purchase input has not taken into consideration (i.e Vat receivable credited by debiting Purchases)
Is it correct?
Vishnu Saboo
(Expert)
12 February 2010
of which purchases u r talking?
from supplier or from division "A".
further clarify are the units estiblished in same state?
from supplier or from division "A".
further clarify are the units estiblished in same state?
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